EUR constructive in the longer run

23 February, 2018

Following yesterday’s publication of the ECB minutes, Chief Analyst at Danske Bank Jakob Christensen expects the single currency to remain well supported in the longer term.

“Alongside down pressure on US yields, ECB minutes helped EUR/USD to end yesterday on a positive note in emphasising the continued push to alter guidance in a more hawkish direction”.

“The January accounts also contained an indirect reference to the US administration’s USD comments around the time of the meeting, but this should in our view merely be seen as a sign that the ECB is annoyed by the political interference with FX rather than it being an obstacle for ‘normalisation’ – and gradual EUR strength with it – to move on”.


Source   Presented by HYCM
Price touches down at the balance line

On Wednesday the 4th of December, the euro was down by four points at the end of trading. In the American session, bulls pushed the price to...

EURUSD: growth to 45th degree expected

On Friday the 29th of November, the euro was up at the end of trading. It was a short day in the USA, and therefore the volume of trading operations...

EURUSD: bears met with resistance

According to the wave structure, the decline did not come to an end. The fall stopped at the 67th degree, with the trend line from the minimum at 1.0879...


EURUSD trying to find a balance point

On Monday the 4th of November, trading on the euro closed down. The gains made by bulls on long positions on Friday above 1.130 were erased on...

EURUSD: bears poised to attack

On Monday the 28th of October, trading on the euro closed up. This was probably a technical correction following Friday's drop. This correction...

EURUSD: bears trying to take control

On Tuesday the 22nd of October, trading on the euro closed down. Trading on the US dollar was mixed during the European session, which was brought...


EURUSD: bulls ready for new highs

We're expecting fresh highs today followed by a rebound to the LB. The pair is currently trading around the trend line, so it will be interesting to see...

EURUSD: 1.0893 on the horizon

On Wednesday the 25th of September, trading on the euro closed down. The single currency dropped to 1.0938 against the greenback...

EURUSD: consolidating on the balance line

On Tuesday the 24th of September, trading on the euro closed up. The pound came out on top yesterday, making gains in the wake of the...